Understanding the RuneScape Economy

[NeckChamp]

Hello all! Just here to spark a discussion on the following that has very much recently interested me!

 

The RuneScape Economy!

 

Been checking out a few sites because I am recently interested in merchanting, and investing in the grand exchange, but not too sure of how to start! Been checking out RS wiki's Grand Exchange watch, and the grand exchange central, noticing that the "General Economy Index", seeing that it's down... I wonder why! So! State what you please!

 

Feel free to write what you think of it! Touching on the topics of,

-Investing

-Reading graphs

-Does this really work?

-Is it worth it?

-How would one move on an item in the ge, and do it well?

-Etc.

 

-Moos

[Trey]

The economy is down because a lot of players have recently quit playing. This means that there is a large amount of items like rocktails, sharks, ore, bars, armour, etc. in the game and not enough people buying them, so the price of the items mentioned are crashing. A lot of armour has crashed because of this, but they will eventually balance out.

 

For investing, I suggest that you take advantage of Runescape updates. This is one of the easiest ways to start off. For example, with the introduction of the QBD, or new drops from KBD you can expect antifire potions to rise so you should buy a lot of those. For player owned ports you may want to buy planks because players may want to train construction. For the new ranged-slayer dungeon coming up you may invest in bolts or arrows. These are just examples of how you can take advantage of these updates.

 

Reading graphs comes after a bit of experience. Knowing when the perfect time to buy an item and then when to sell it later may sound like common sense, but to maximize proftis it may take quite a few attempts to learn how to do correctly.

 

I believe that investing is worth it. Investing is one of the main ways that I make money, personally. It can be risky if you let it be, but for the most part the risky investments may be the ones you make the most profit from. And yes it works! I hope this helps.

[NeckChamp]

So because of the amount of players not playing anymore, the economy will level out now, in reflection to how many players play now, not before, right?

 

I love looking at what I can invest, but I never actually do so. Idk what it is, I'm kinda scared (silly, i know) but I feel like I'm not qualified to do it correctly. I'd love to read "updates" as a form of opportunity!

 

And as for graphs, I don't really know what to expect... xD I try looking at em, i kinda understand, but again, it doesn't lead to me acting on it. What type of items could make a difference for me?

 

And yes bro, your post encourages me and helps me! Thanks!